Hemi Energy Group Inc. (fka HMGP)

[bdahl385]

Kels, my source for the 80% net lease is from Hemi's own PR's, where is your source of 81% net from?

Yes, they have 100% working interest in these wells which means they get 100% after the royalties are paid minus any customary taxes and fees of course.


http://www.reuters.com/article/pressRelease/idUS144825+22-Jul-2008+BW20080722

"We have 100% working interest and 80% net revenue interest in the Collins lease that is not mature and has had no oil production."


http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20061219005152&newsLang=en

"Hemi Energy Group, Inc. (Pink Sheets HMGP) purchased an investment group's interest in the lease, with 2 year restricted stock and cash, and now owns 100% working interest (net revenue interest of 80%) of this lease."